Performance Improvement is positioned to help higher
education, governments and businesses improve their processes and systems by
utilizing our expertise in the following core areas:
Baseline Diagnostic
Assessment
The Baseline Diagnostic Assessment analyzes the entire
process with a Holistic view of how the information flows from process tasks
including how the people and systems interact with the information in order
to complete work throughput processing. This includes all associated
documents. This assessment identifies core process related issues and
improvement opportunities resulting in recommendations that address
non-technology improvements and those requiring an appropriate technology.
The assessment also presents appropriate next steps for management
decision-making.
Performance Improvement has conducted many baseline
assessments based on document management and BPM process needs. We also
conducted detailed needs analysis based on findings from our diagnostic
assessment. We have performed assessments across many industries including
higher education, government, healthcare, financial services to name a few.
Business Process Management
Because of day-to-day pressing duties and
responsibilities, companies find it difficult to free up time to work on
value-added projects that lead to increased profitability and better ways of
conducting business. Performance Improvement’s experienced professionals not
only perform many financial, operational, and system-related projects that
identify business issues, but also work to provide creative solutions that
build stronger, more profitable and competitive companies. Performance
Improvement’s roots & focus is business process management (BPM) from
process improvement to process re-design/ re-engineering utilizing
appropriate technology as change enabler(s) such as BPM & workflow along
with array of content & document management tools. We perform both baseline
diagnostic assessment using our ‘Process-Centric’ holistic methodology to
define baseline process requirements needs for:
-
Defining improvement opportunities
-
Defining ROI needed for business case
justification
-
Improving process and operations
performance
-
Identifying appropriate technologies to
enable process improvements
-
Presenting to Executive Management for
feasibility and justification needs
Performance Improvement provides business process
management (BPM) consulting services to the services sector with a focus on
higher education, insurance and healthcare.
Our healthcare expertise includes understand
reimbursement business process requirement needs and identifying appropriate
technology tools for developing & implementing a ‘best practice’
reimbursement and collections solution. Our core Business Process Management
(BPM) healthcare service offerings include highly functional Healthcare
Revenue Cycle Management and Denials Management methodologies that utilize a
proven process improvement/ redesign comprehensive approach for improving
‘bottom-line’ Net Revenue, Cash Flow and Customer Service Quality. Most
recent examples of our ‘bottom-line’ opportunity savings for a leading
diagnostic testing laboratory during due diligence diagnostic review and
‘discovery’ of private insurance denial processes provided following
highlights:
Ø
Projected first quarter
savings of between $8-10 million dollars from redesigned denials processes
from processing improvements with procurement & implementation of BPM/EDMS
technologies for denials BPM solution implementation. This represents a
decrease in bad debt write-offs of 30% from annual run-rate of $30 million
dollars bad debt expense for Private Insurance claims processing; and
Ø
Reduced DSO from average 125
to 55 days or 56% reduction resulting in reduced cycle time and accelerating
cash flow.
We also conduct process-centric assessments with
records management as a core requirement interest for streamlining and
automating records using content/ document management based technologies.
We have conducted many
BPM and document management based process needs analysis across many
industries including government, healthcare, financial services to name a
few.
Please click here to
view our client portfolio.
BPM/ Content Management (such as EDMS &
Workflow) Tool Selection
As companies grow, they experience the need
for new information systems such as imaging, workflow & BPM, document
management. Our professionals perform an objective, independent, and
thorough review of client company needs and vendor specifications before
recommending a new business system. We take into account both current needs
and future initiatives to recommend a feasible, cost- effective system.
Typically Performance Improvement will assist our clients throughout the
procurement process where we have completed Assessment and BPM services.
Implementation Services Oversight
Control
Performance Improvement professionals can
also assist in actual implementation of the system at both project manager
(certified) and project staff levels. We provide chief oversight control
where we have worked with client in procuring a technology and overseeing
implementation. We assist clients with this primarily by ensuring
requirements are developed meeting the conceptual design. Our selection and
implementation experience includes a variety of medium to large-sized
systems.
Our consulting services include but are not limited to:
- High-Level Operations Diagnostic: A holistic assessment of
people, process and technology of a target operation to identify core
issues and improvement opportunities resulting in recommendations for
addressing appropriate next steps for management decision-making.
- Process Improvement: A fundamental rethinking and
restructuring of target core processes to bring about incremental
improvements in performance by achieving strategic objectives of increased
efficiency, reduced costs, improved quality, and greater customer
satisfaction.
- Process Redesign: A fundamental rethinking and restructuring
of target core processes to bring about dramatic improvements in
performance by achieving strategic objectives of increased efficiency,
reduced costs, improved quality, and greater customer satisfaction.
- Process Management: The method for designing and continuous
monitoring, measuring, and improving processes driven by quality criteria
and principles. By enhancing efficiency and effectiveness, process
management focuses on quality and throughput factors for efficiency and
responsiveness. Optimizing both factors offer the potential for process
excellence to deliver improved customer satisfaction and ultimately, to
offer increased profits, high growth, and long term business stability.
The aspects of a process or system that are of interest in process
management include the infrastructure, the culture, the knowledge, the
human resource, and the methods or approaches.
- Process Workflow Modeling: The logical mapping of all inputs,
outputs, and function-centric work activities / tasks and required
knowledge flow through the process resulting in a process definition.
Process modeling can be either static or dynamic (simulation) depending on
need and software. Once the process has been documented the diagnosis can
proceed.
- Process Analysis: The time-based valuation analysis of mapped
work activities / tasks using the documented process map as the baseline
for valuating the process.
- Process Implementation: Involves final validation of the process
and controlled dissemination throughout an organization. This includes,
procuring and installing tools and equipment required for the process, as
well as training activities required for correct application of the new
process.
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